International Brotherhood Of Teamsters
- Assets
- $2.5m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 31
- Location
- Pearl, MS
- Founding
- 10/1944
- Data as of
- 12/2022
- EIN
- 64-0151624
Organization Overview
International Brotherhood Of Teamsters is located in Pearl, MS. The organization was established in 1944. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, International Brotherhood Of Teamsters employed 31 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. International Brotherhood Of Teamsters is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, International Brotherhood Of Teamsters generated $2.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 2.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZING, NEGOTIATING AND ARBITRATING FOR WORKERS ENGAGED IN INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEAMSTERS STAND READY TO ORGANIZE WORKERS WHO WANT TO BARGAIN COLLECTIVELY. FOR 2022, THERE WERE 2,798 ACTIVE MEMBERS WITH NEW MEMBERS JOINING EVERY MONTH.ONCE A CONTRACT IS NEGOTIATED AND SIGNED, THE UNION WORKS TO ENFORCE IT.THE TEAMSTERS UNION ALSO PERFORMED VITAL TASKS IN SUCH AREAS AS PENSION MANAGEMENT. DURING 2022, THERE WERE 6 ACTIVE MEMBERS AND 6 RETIREES OF THE PENSION PLAN FROM THIS OFFICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W C Smith III President | OfficerTrustee | 40 | $134,566 |
Claud Perrett Vice President | OfficerTrustee | 40 | $114,951 |
Curtis Haynes Secretary Treasurer | OfficerTrustee | 40 | $134,566 |
Machelle Powers Recording Secretary | OfficerTrustee | 2 | $3,881 |
Anthony Ascione Trustee | Trustee | 2 | $6,042 |
Carl Jones Trustee | Trustee | 2 | $5,059 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,004,223 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,004,223 |
| Total Program Service Revenue | $50,769 |
| Investment income | $16,569 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,074,493 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $463,109 |
| Compensation of current officers, directors, key employees. | $532,858 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $167,468 |
| Pension plan accruals and contributions | $153,386 |
| Other employee benefits | $150,862 |
| Payroll taxes | $54,735 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $733 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,880 |
| Office expenses | $25,128 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,274 |
| Travel | $72,969 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,130 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,044 |
| Insurance | $16,439 |
| All other expenses | $0 |
| Total functional expenses | $1,769,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $504,152 |
| Savings and temporary cash investments | $1,640,090 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,714 |
| Net Land, buildings, and equipment | $310,404 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,899 |
| Total assets | $2,471,259 |
| Accounts payable and accrued expenses | $76,745 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,296 |
| Total liabilities | $83,041 |
| Net assets without donor restrictions | $2,388,218 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,471,259 |